Phoenix, Tucson lead way in western economy study, home prices up slightly

Phoenix, Tucson

Phoenix, TucsonBy Jim Cross | KTAR

A report painted a bright economic picture for both the Phoenix and Tucson metro areas.

Brookings Mountain West and the University of Nevada-Las Vegas looked at 10 major metro areas of the Mountain West, which, as a group, outperformed the national economy during the third quarter of 2014.

Phoenix posted the fastest job growth in the region during the third quarter, as employment increased by 1.1 percent, more than twice the national average of 0.5 percent. Home prices in the Valley increased by 1.1 percent.

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